Prima now says no hike in wheat flour price

Prima now says no hike in wheat flour price

November 15, 2019   02:48 pm

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The Bakery Owners’ Association says that the Prima Ceylon company has now informed them that the price of wheat flour will not be increased as previously notified.

Earlier today, wheat flour dealers said that the Prima company had decided to increase the price of wheat flour by Rs. 8.50 with effect from midnight yesterday (14).

However, the Consumer Affairs Authority (CAA) says that approval has not been granted for such an increase in wheat flour price and that any such increase is unlawful. 

Therefore traders who sell wheat flour at an increased price without approval will be raided and severe legal action taken, the CAA said.

Meanwhile the Ministry of Economic Reforms and Public Distribution also issued a release stating that an increase of wheat four price will not be permitted, despite media reports of a price hike.

Such a price change is only possible upon receiving the consent of the Cabinet Sub Committee on Cost of Living and the approval of the CAA and the Cabinet, it said.

The release added that the enforcement of the aforementioned price change which has not followed due process of the government will not be permitted.

The Minister of Industry and Commerce Rishad Bathiudeen also said that the price of wheat flour has not been changed or revised-and any retailer selling flour at an increased price will be raided.

Minister has instructed the Consumer Affairs Authority (CAA) to raid errant retailers who violate flour prices and push consumers into a difficult situation.

Violators guilty of this offence can be fined or imprisoned under Section 60 of Act No 9 of 2003. If the violator is not a company/firm but a person then the fine is between 5000 -50000 or one year imprisonment in the first offence, and any subsequent offence (by the person) Rs 10000-100,000 fine or a maximum of two year imprisonment or both punishments.

If the violator is a company/firm and NOT a person then in the first instance of violation/offence, a fine of Rs 50,000-1000,000 or a maximum of two year imprisonment, and any subsequent offence a fine of Rs 100,000-2,000,000.

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